Question 28.
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was
A
6000
B
8000
C
4000
D
2000
Question Explanation
Text ExplanationVideo Explanation
Let the cost of each bicycle= 100b
CP of 10 bicycles = 1000b
It is given that he sold six of these at a profit of 25% and the remaining four at a loss of 25%
SP of 10 bicycles = 125b*6+75b*4
=1050b
Profit = 1050b-1000b =50b
50b=2000
CP = 100b = 4000
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